That prediction was couched in a lot of "Ifs". If the Mideast has a serious dust-up. If the reductions in drilling expenditures by the major producers stay low, or even worsen. If OPEC reduces production. If the economies of about a hundred countries improve. If etc., etc. You get the idea. I don't expect $200 oil any time soon. But, I do expect a rising price over the next six months or so. Good news for EOX. Strong buy at this price. Despite the dilution recently announced.

Spam stock promoters also require extra time every day to "Ignore" them. What a waste.
More on point, EOX is a stock temporarily out of favor. As things often do, the pendulum will swing back. When oil prices return to $80 to $90 per barrel, we should do well. May be a wait, but since I have at least a five year horizon on this investment, I'm pretty sure it will happen. You might also consider buying a basket of several small oil company stocks to minimize the risks of a single company's inability to ride out the oil price downturn.

Allen,
Nice to have these facts from you. I'm very long and consider this a growing company. Long term holder and added to my holdings yesterday. We should do very well with this stock. I still can't understand why this is below $1 but I'll continue to buy it while it is.

I own a lot of 55 cents shares. I would borrow money from my brother in law to buy a lot more at 36 cents each. Bring it on! Can HTM fail? Of course. Any business can fail. But this is a solvent company, making a profit, expanding production of electricity and trading enough shares every day to be fairly liquid. There's a lot to like at any share price below 250 cents. And that's about 500% upside over the next few years. I like my chances.

That's probably a very smart move, medium to long term. But before you buy any more EOX (although I am long, and definitely NOT a basher of the company or its prospects) you might consider buying a few other similar companies to give yourself a little protection against unexpected difficulties. There are many small oil companies trading at 52 week lows. Some will make a killing when oil prices rise again, as they will. Some will not survive a prolonged oil glut, or be forced to sell valuable properties at fire sale prices. A basket of stocks will give you protection against picking wrongly.

It looks like EOX management is girding up its loins for the long haul by reducing debt. They also reduced the number of active rigs for 2015. On top of all this, a new CEO is taking over. All of this uncertainty is killing the stock price. But I think these decisions will protect EOX from a prolonged oil glut. Combined with oil hedges, I think EOX will be ok for the next few years. Rather than be criticized, as I have read in this message board, I think that management should be applauded for being realistic and prudent. In the long run, the dilution of shares will be made acceptable by the survival of the company.This should be the nadir for the stock. I also think that the stock is worth much more than $1.30 a share. This can be a buying opportunity for long term investors. Previously, my sentiment was "Hold", but at this price I've raised it to "Buy".

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